Tag Archives: deficit

Within hours of Obama’s reelection on Tuesday, Senate Minority Leader Mitch McConnell (R) interpreted the Obama win and Democratic victory in the Senate by declaring that the election is not a mandate for Obama’s policies and that Obama’s job now is to propose something that will pass the GOP controlled House. The next day, House Speaker John Boehner (R) declared, in conciliatory tones, that the high-income tax increases on which Obama ran and was reelected was a non-starter. Meanwhile, the “fiscal cliff” looms around the corner. On January 1, 2013, the U.S. economy will be jolted by the convergence of the expiration … Continue reading this post →

Check out this excellent tool that lets you try to make Romney’s tax plan work by selecting the cuts and deductions you would need to add up to pay for Romney’s tax cuts. http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/10/31/interactive-make-mitt-romneys-tax-plan-add-up/

Bad Arithmetic: Top Romney Economist Admits Jobs Plan Number Don’t Compute (this article was originally posted at www.creators.com at the above link) When innocent citizens asked about unemployment last night at the town hall presidential debate on Long Island, would Mitt Romney again tout his plan to create 12 million jobs? Unable to Etch-a-Sketch away that often repeated claim — one that he has hired several conservative economists to endorse — the Republican candidate had little choice. It’s up on his campaign website, it’s there in his own well-advertised words, and it is the central appeal of his candidacy for … Continue reading this post →

We often hear (and will continue to hear) an incorrect assertion that President Obama has increased the deficit. Mitt Romney’s own campaign website states, “Since President Obama assumed office three years ago, federal spending has accelerated at a pace without precedent in recent history.” This is a lie and based largely on counting Bush spending as Obama spending. It has been fact checked thoroughly, but Romney and other Republican critics of Obama continue to use repeat this lie including in the first Presidential debate. In fact, the deficit is lower in 2012 than it was when Obama took office, and once … Continue reading this post →